Information Technology
Vermiculus Real-Time Risk Management System Live on MIAX Futures
The new suite of risk microservices from VeriClear delivers key features including collateral management with real-time collateral valuation, collateral reconciliation, real-time risk monitoring, various stress tests, and portfolio and contract backtesting.
" " commented Taraneh Derayati, CEO of Vermiculus Financial Technology.
The project was executed using agile methodology with a phased roll-out, releasing new functionality to production every two months. During the transition, MIAX Futures Exchange's previous system remained as a reference before being fully decommissioned.
" " said project manager Andreas Hultqvist.
" " he concluded.
" " said Douglas M. Schafer Jr. , Executive Vice President and Chief Information Officer at MIAX. " "
Other characteristics of the new system include the efficient processing of large volumes of data to meet client expectations, the ability to re-run risk processes for past days and adaptability to evolving regulatory changes, thanks to the flexible reference data structure, support for multiple risk models and the capacity to run multiple risk parameter settings in parallel. It also simplifies the clearing house's risk management processes through real-time monitoring of risk, price changes and trading activity, detailed breakdown of risk calculation results as well as various types of alerts.
Vermiculus Financial Technology AB provides cutting-edge trading, clearing, and CSD solutions to market participants around the world. Vermiculus' solutions are the first to bring state-of-the-art advances in dynamic microservice architecture together with vast experience in clearing house, exchange, and CSD business requirements.
The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses, and CSDs. With its headquarters in Stockholm, Sweden , Vermiculus consists of hand-picked teams, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world's largest exchanges, clearing houses, and CSDs.
Amelie Hedenstierna - PR & Communications
Vermiculus Financial Technology
Tel +46-(0)73 622 24 54
amelie.hedenstierna@vermiculus.se
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